BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Recommendation of “Moderate Buy” by Analysts

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

BTSG has been the subject of a number of research reports. KeyCorp started coverage on shares of BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating for the company. UBS Group upped their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. BTIG Research raised their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America upped their price objective on BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th.

Institutional Trading of BrightSpring Health Services

Institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in BrightSpring Health Services in the second quarter valued at $55,000. California State Teachers Retirement System acquired a new position in shares of BrightSpring Health Services in the 1st quarter valued at about $59,000. Intech Investment Management LLC acquired a new position in shares of BrightSpring Health Services in the 3rd quarter valued at about $159,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BrightSpring Health Services during the 2nd quarter worth about $126,000. Finally, Arizona State Retirement System acquired a new stake in BrightSpring Health Services during the 2nd quarter worth approximately $163,000.

BrightSpring Health Services Stock Performance

BTSG opened at $18.56 on Monday. The stock’s 50 day simple moving average is $17.49 and its 200 day simple moving average is $14.08. The stock has a market cap of $3.23 billion and a P/E ratio of -71.38. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $20.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, equities analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.